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709 Stimson St, Cadillac, MI 49601

3 beds • 2 baths • 1480 sqft

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This property could be a profitable Airbnb investment with a projected 13.68% first-year return on $62,121 initial cash invested.

13.68%

Cash On Cash

11.28%

Cap Rate

1.78

DSCR

$3,940

Rent

$708

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,940 income − $3,232 expenses = $708 cash flow

Income$3,940Mortgage P&I$1,10928%Property Taxes$1564%Insurance$752%Management$59115%CapEx$1584%Maintenance$1584%Other$98525%Cash Flow$708

Investment Breakdown

|

Purchase Price

$210k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,121

Downpayment

20%

$42,020

Closing costs

1%

$2,101

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$3,940

Total Expenses

$3,232

Mortgage P&I

28%

$1,109

Property Taxes

4%

$156

Home Insurance

2%

$75

HOA

0%

$0

Property Management

15%

$591

CapEx

4%

$158

Vacancy

0%

$0

Maintenance

4%

$158

Other

25%

$985

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